BTCS Inc (NASDAQ: BTCS) is 199.39% higher on its value in year-to-date trading and has touched a low of $0.95 and a high of $5.41 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BTCS stock was last observed hovering at around $4.17 in the last trading session, with the day’s gains setting it 0.71%.
Currently trading at $4.88, the stock is 185.09% and 254.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 39.54 million and changing 17.03% at the moment leaves the stock 233.17% off its SMA200. BTCS registered 408.33% gain for a year compared to 6-month loss of 214.84%. The firm has a 50-day simple moving average (SMA 50) of $1.3773 and a 200-day simple moving average (SMA200) of $1.4647.
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The stock witnessed a 303.31% gain in the last 1 month and extending the period to 3 months gives it a 278.29%, and is 229.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 55.91% over the week and 18.09% over the month.
BTCS Inc (BTCS) has around 5 employees, a market worth around $80.80M and $2.01M in sales. Current P/E ratio is 13.71. Profit margin for the company is 366.73%. Distance from 52-week low is 413.68% and -9.80% from its 52-week high. The company has generated returns on investments over the last 12 months (29.29%).
The EPS is expected to shrink by -61.82% this year
27.0 institutions hold shares in BTCS Inc (BTCS), with institutional investors hold 7.55% of the company’s shares. The shares outstanding are 15.32M, and float is at 9.22M with Short Float at 0.71%. Institutions hold 4.26% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 0.37 million shares valued at $0.51 million. The investor’s holdings represent 2.3455 of the BTCS Shares outstanding. As of 2024-06-30, the second largest holder is GEODE CAPITAL MANAGEMENT, LLC with 92204.0 shares valued at $0.13 million to account for 0.5876 of the shares outstanding. The other top investors are HERON BAY CAPITAL MANAGEMENT which holds 44435.0 shares representing 0.2832 and valued at over $61320.0, while DLK INVESTMENT MANAGEMENT, LLC holds 0.2013 of the shares totaling 31590.0 with a market value of $43594.0.
BTCS Inc (BTCS) Insider Activity
The most recent transaction is an insider sale by Pump Melanie, the company’s Director. SEC filings show that Pump Melanie sold 14,998 shares of the company’s common stock on Jun 05 ’24 at a price of $1.56 per share for a total of $23397.0. Following the sale, the insider now owns 37414.0 shares.
BTCS Inc disclosed in a document filed with the SEC on Jun 06 ’24 that Pump Melanie (Director) sold a total of 6,641 shares of the company’s common stock. The trade occurred on Jun 06 ’24 and was made at $1.55 per share for $10294.0. Following the transaction, the insider now directly holds 30773.0 shares of the BTCS stock.
Still, SEC filings show that on Jun 04 ’24, Pump Melanie (Director) disposed off 3,361 shares at an average price of $1.60 for $5378.0. The insider now directly holds 52,412 shares of BTCS Inc (BTCS).
